What is the maximum period over which I can take a car loan?
Hi Kenneth, most car finance lenders allow a maximum term of 60 months, although some limit the loan period to 48 months. Best regards, Edwin • Until a year ago I had a perfect credit record but after losing a well paid job and a divorce I have a large amount of credit in arrangement. I really need a car and am employed with provable income. Hi James, the fact that you’re repaying the accounts on which you fell behind counts as a plus-point in lenders’ eyes. It depends on your overall profile (so you’d need to apply – online or over the phone – for us to be able to perform a search), but lenders will sometimes take circumstances into account when coming to a decision. Deposit – whether cash or in a part-exchange vehicle helps too.
